Tag: charleston
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How to do Taxes as a Small Business Owner
It’s challenging enough to run a business without adding the additional complication of filing taxes each year. Making financial decisions without contacting an accountant or financial consultant can put you at risk and ultimately cost you more money. Working with your accountant throughout the year, rather than just while preparing your tax return, is the […]
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Tips to Get Your Employees Back to Work
Assure your employees that everything will be alright. As government lockdowns ease up, people will start to come out of their homes and try to find a way back to normalcy. One thing we can expect is to come back to work. This is good news for businesses but it may also bring about some […]
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What are the costs of launching a startup?
How much money is needed to launch a business? Having a rough idea on how much money you’ll need for your startup will come in handy when it comes to estimating profits and knowing if you’ll need to make a loan. Make a plan and be prepared for the costs that you will incur, this […]
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Three Helpful Invoicing Tips for Business Owners
Invoicing is a common difficulty for small businesses, especially when they first start out. Late invoices can drain cash flow and reduce profit margins that are already tight. It is, however, avoidable. These three Invoicing tips can assist you in effectively sending and receiving payments on schedule. Setting up solid systems for dealing with late […]
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A Helpful Guide to Accounts Receivable & Accounts Payable
The way the two types of accounts are recorded is relatively similar, but it’s crucial to distinguish between accounts payable and accounts receivable since one is an asset account and the other is a liability account. The Difference Between Accounts Receivable & Accounts Payable The amount of money owing to a corporation for goods or […]
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7 Smart Ways to Save Money as a Small Business
It can be difficult for small businesses to save money from the start. They don’t always have a lot of resources at their disposal when trying to get their startup off the ground. In their first year, small business owners reported spending more than twice as much as they had anticipated. Small costs and expenses may not […]
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8 Ways You Can Motivate and Inspire Your Employees
Have you ever had to deal with a challenging employee who, no matter what you do, appears to be unmotivated? Have you ever noticed one of your most valuable and productive employees fighting to get through a particularly trying day? Unfortunately, there isn’t a simple way to instantly motivate your employees. However, there are a few simple […]
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Great Online Marketing Strategies for Small Businesses
Regardless of a company’s size or whether or not it does business online, a digital marketing strategy is a vital component of its overall marketing mix. If you’re a new business owner, online marketing is a vital area of knowledge that any business owner should spend time learning about. The correct digital marketing plan can […]
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5 Lessons Small Business Owners have Learned from the Pandemic
It’s amazing how much the world changed because of a pandemic in such a short amount of time. Countless business owners have been impacted greatly, especially small businesses. Though some decided to close their doors, others have found ways to overcome the economic hurdle. So what can business owners get from something so bad? The […]
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Estimated Tax and What You Need to Know
Estimated tax is a quarterly payment of taxes due that is based on the filer’s stated earned income for the period. The majority of business owners who are required to pay quarterly taxes are small business owners, freelancers, and independent contractors. Many business owners are surprised by tax bills when they first start out or when they begin to […]